E-books are not only changing the way we read, they are changing the entire publishing landscape.
Traditional publishers no longer hold the keys to the literary castle. Nor are they the exclusive decision makers about who will and won’t get published.
According the a 2013 Pew Research Center report, a total of 43% of Americans own either a tablet, an e-book reader, or both. There are nearly 150 million smartphones in the US today, with many of them being used as primary internet and reading devices. This trend is not going backward. On Amazon, e-book sales are crushing traditionally printed books with 92% of the top 100 bestselling books published as e-books.
Although there’s debate about whether or not printed books will disappear altogether (I hope not), it’s clear that e-books will rule the literary world — and that more and more indie publishers will have books appear on bestseller lists. According to Amazon, as many as a quarter of their top 100 Kindle books are from indie publishers.
With the number of e-books available and the wide variety of traditional and indie publishers cranking them out, consumers will continue to enjoy extremely low and competitive prices, with many great books offered under $5.00 — and many offered for free during short promotional events.
Even with this low pricing, authors can make more money, as they don’t have to give up as much income to traditional publishers. This is an exciting and amazing time in the literary world for both avid book readers and authors.